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InvestingScope
8 de Oct. de 2018 13:37

Higher Low on the 1W Channel Up made. Expecting a rebound. Largo

E-mini S&P 500 FuturesCME

Descripción

The index has completed a pull back on the long term 1W Channel Up (RSI = 59.796, MACD = 50.200, B/BP = 46.3920) by technically pricing its Higher Low (Highs/Lows = 0) near 2,875. The downside potential is limited. 1D should develop a new bullish leg/ Channel Up to test successively all the Resistance levels (2,910/ 2,930/ 2,947.75). Keep in mind that we have just entered the last economic quarter (Q4) of the year, where institutional investors take long positions for the end of the year rally. Our TP remains 2,960.
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Sorry but My donation was given to crazy Fed Chair Powell and Don Trump today
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